NuStar Energy L.P. Declares First Quarter 2021 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions

Rhea-AI Summary

NuStar Energy L.P. (NYSE: NS) has announced a common unit distribution of $0.40 per unit for the first quarter of 2021, payable on May 14, 2021. The Board also declared preferred unit distributions: Series A at $0.53125, Series B at $0.47657, and Series C at $0.56250, payable on June 15, 2021. A conference call is scheduled for May 4, 2021 to discuss Q1 results. NuStar operates approximately 10,000 miles of pipeline and has 73 terminal facilities with 72 million barrels of combined storage capacity.

Positive

• Declared a common unit distribution of $0.40, indicating ongoing commitment to returning value to shareholders.
• Preferred unit distributions declared, showcasing financial stability.

Negative

• None.

NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a first quarter 2021 common unit distribution of $0.40 per unit. The first quarter common unit distribution will be paid on May 14, 2021 to holders of record as of May 10, 2021.

NuStar Energy L.P.’s Board of Directors also declared a first quarter 2021 Series A preferred unit distribution of $0.53125 per unit, a Series B preferred unit distribution of $0.47657 per unit and a Series C preferred unit distribution of $0.56250 per unit. The preferred unit distributions will be paid on June 15, 2021 to holders of record as of June 1, 2021.

A conference call with management is scheduled for 9:00 a.m. CT on Tuesday, May 4, 2021, to discuss the financial and operational results for the first quarter of 2021. Investors interested in listening to the discussion may dial toll-free 844/889-7787, passcode 1971125. International callers may access the discussion by dialing 661/378-9931, passcode 1971125. The partnership intends to have a playback available following the discussion, which may be accessed by dialing toll-free 855/859-2056, passcode 1971125. International callers may access the playback by dialing 404/537-3406, passcode 1971125. The playback will be available until 12:00 p.m. CT on June 3, 2021.

Investors interested in listening to the live discussion or a replay via the internet may access the discussion directly at https://edge.media-server.com/mmc/p/ngcf7ru6 or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.

NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and our Sustainability page at www.nustarenergy.com/Sustainability.

This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of NuStar Energy L.P.’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of NuStar Energy L.P.’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals and corporations, as applicable. Nominees, and not NuStar Energy L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210430005144/en/

FAQ

What is the first quarter common unit distribution for NuStar Energy in 2021?

The common unit distribution for the first quarter of 2021 is $0.40 per unit.

When will NuStar Energy's first quarter 2021 common unit distribution be paid?

The first quarter common unit distribution will be paid on May 14, 2021.

What are the preferred unit distributions declared by NuStar Energy for Q1 2021?

The Series A preferred unit distribution is $0.53125, Series B is $0.47657, and Series C is $0.56250.

When are the preferred unit distributions for NuStar Energy scheduled to be paid?

The preferred unit distributions are scheduled to be paid on June 15, 2021.

When is the conference call to discuss NuStar Energy's Q1 2021 results?

The conference call is scheduled for May 4, 2021, at 9:00 a.m. CT.